5 Room (5I) HDB for Sale in 193 Rivervale Drive

The valuation of the 5-room HDB unit located in Serangoon indicates a robust estimated value of $831,301, translating to a competitive $696 per square foot (PSF). This valuation is particularly notable given the remaining lease of 72 years, which positions the property favorably within the market dynamics of HDB resale transactions in the region. Our analysis, grounded in the examination of 40 recent HDB resale transactions in the vicinity, reflects a strong market signal indicating this property is a good deal, with a substantial 15.9% difference from the baseline valuation.

The underlying factors contributing to this high confidence in the valuation stem from the consistent demand for HDB properties in Serangoon, a well-established residential enclave known for its accessibility and amenities. This area exhibits a stable appreciation trajectory, making it an attractive option for both first-time buyers and investors alike. The model confidence rating is deemed high, suggesting that the valuation is supported by solid empirical data and market trends, reinforcing the strategic importance of this property within the broader HDB landscape.